Law Firm Services

Shepard Schwartz & Harris understands the challenges that multi-partner and multi-state law practices face regarding their reporting. We provide financial and strategic guidance to several Chicago-based large and specialty legal and other professional practices.

Services Tailored to the legal industry

Financial Reporting

• Consolidation of records from multiple locations
• Year-end adjustments, including depreciation methods, accrual-to-cash adjustments and other reporting adjustments required
• Consultation and guidance regarding treatment of certain transactions
• Analysis of balance sheet and expense accounts
• Preparation of financial statements and current disclosure requirements

Tax Planning and Reporting

• Multi-state tax compliance
• Partnership income tax consultation and compliance
• Sales and use tax compliance
• Payroll tax withholding and filing

Business Advisory

• Partnership agreement services including buy/sells, valuations, etc.
• Merger & acquisition support
• Employment tax advice and compliance
• Employee benefits advice and consulting
• Retirement savings program consultation
• Internal office process efficiency modeling

Individual Partner Planning

• Education planning
• Retirement planning
• Estate and gift planning
• Individual income tax planning and compliance